Dragonfly partners respond to potential US Department of Justice allegations: they intend to do their best to defend themselves
TechFlame
2025-07-25 16:48
TechFlame2025-07-25 16:48
English
According to TechFlame, according to market sources, Dragonfly partner Haseeb responded “The US Department of Justice is considering filing charges against DragonFly employees in the Tornado Cash case,” and “Dragonfly invested in Tornado Cash developer PepperSec, Inc., in August 2020. The reason for this investment is a firm belief in the importance of open source privacy protection technology. Prior to the investment, Dragonfly had obtained external legal advice confirming that Tornado Cash was structured in accordance with the law and in line with the guidelines issued by FinCEN, an agency under the US Treasury Department in 2019. The US government has now stated in open court that they are considering filing charges against Dragonfly. We have not made a public comment for the time being based on the lawyer's advice, but have decided not to remain silent.” “We believe Americans have a right to privacy, and the lack of privacy remains one of the biggest unsolved problems in the cryptocurrency sector. Therefore, we insist on our investment position. The charges against Dragonfly after so many years are outrageous, against facts and law, and will have a chilling effect on all US investments in encryption and privacy protection technology. Dragonfly plans to do its best to defend itself.”